AVAXUSD.P trade ideas
Avalanche/US DollarThese are levels that I'll be keeping an eye on when dealing with AVAXUSD, and I'll revise as price action progresses.
I adapt to the change in money flow.
Fundamentals:
Amazon Web Services (AWS) has partnered with Ava Labs in a bid to accelerate the adoption of blockchain technology by enterprises, institutions, and governments.
The move has sent the linked Avalanche AVAXUSD token soaring higher in recent days, outperforming even Bitcoin amid a major bull run in the biggest cryptocurrency.
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Seeing that price hit a significant low, potential profit margin resting above current price along with a bearish impulsive followed by a descending channel. I would wait for a break of the $20 & $30 price points and retracement for bullish precursors. We shall see...
Mapping CClear 5 waves up and currently in what appears to be C of an ABC correction - Overall this will end up being a bullish retrace and the last good buy op before prices climb much higher over time.
AVAXUSD First step into 25-26 band...AVAXUSD Let see if momentum enough for the 25-26 band till tomorrow despite negative market pressure.
Be smart; be your advisor!
📉💸 After analyzing the market, it looks like #AVAX📉💸 After analyzing the market, it looks like #AVAX cryptocurrency will be heading towards a bearish trend. #CryptoInvesting #Bitcoin 📉💸
BTD Coming...Bull retraces across the board here in what is an anticipated alt season/possible new bull cycle, Most won't even consider the possibility of crypto making new highs/doing much at all...prepare to be surprised.
AVAXUSD (4H) - Bearish reversalHi Traders
AVAXUSD (4H Timeframe)
Waiting for the downward break of 19.42 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 21.02 would cancel the bearish scenario.
Trade details
Entry: 19.42
Stop loss: 21.02
Take profit 1: 18.53
Take profit 2: 16.96
Score: 4
Strategy: Bearish reversal
AVAXUSD: Look everything on it's way up! Update !!!Low timeframe shows 'short'
but price flat (red dots) and
last 3 bars rising bars (closed bars),
so it's meaning micro wedge squeezing!
Result up/down (in order change 51%/49%).
Seems like one more steps.
Let see. Be your advisor!!!
AVAXUSD: Look everything on it's way up!AVAXUSD perfectly positioned itself specially after FTX impact on cryptocurrency market. Aiming into 30's band but possibility of some correction on 21-24 band depends on market volatility. Technical graph above to help your decision. Be your advisor!
Bull Case Scenario for AVAXAVAX is poised for significant price appreciation in the near future, making it a smart investment opportunity for those looking to tap into the growth potential of the blockchain industry. The platform's unique features, such as its scalable and secure architecture, its ability to handle high volumes of transactions, and its flexible and decentralized governance model, set it apart from other blockchain platforms and position it for growth.
Additionally, the growing demand for decentralized finance (DeFi) applications and the increasing popularity of non-fungible tokens (NFTs) are driving interest in the blockchain sector, and AVAX is well-positioned to capture this demand. With a highly engaged and growing community, and a strong commitment to developing cutting-edge technology, AVAX is poised for continued growth and price appreciation in the years to come.
Drawing supply and demand areas and possible scenarioDrawing supply and demand areas and possible scenario
AVAXUSD (4H) - Bullish breakoutHi Traders
AVAXUSD (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 21.82 resistance level. Only the downward break of 19.70 would cancel the bullish scenario.
Trade details
Entry: 21.82
Stop loss: 19.70
Take profit 1: 23.11
Take profit 2: 25.20
Score: 8
Strategy: Bullish breakout
Long term bullishWhat do you guys think? I see around June we could be almost 2 times where we are now?
Patience..imminent rise to $20 and then eventually $28Patience..imminent rise to $20 and then eventually $28 on this reverse avalanche setup, beyond that is $58, but short term $20 pop today very soon..
THIS LOOKS MORE LIKE A REVERSE AVALANCHE AVAX looks like it's going to do an avalanche in rewind, I anticipate a cup to finish forming around 28-30 and for a handle to retrace .382 or 38.2% in the coming week or two -- after that a break above $30 should lead us to $50+ but again, this is just my estimate what do I know..
Avax potentially breaking up from a falling wedgeIf price action can flip this green trendline to solid support the price could climb to the $28 target within the next month or 2. Fundamentally, one of the reasons for this pump is that Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche, to help scale blockchain adoption across enterprises, institutions and governments.
“Looking forward, web3 and blockchain is inevitable,” Howard Wright, VP and global head of startups at AWS, said. “No one can call the time or date or quarter that it’s going to happen and it’ll be mainstream, but we’ve seen the cycles of growth before. The velocity of this one seems like it’s accelerating and we’re just excited to be a part of this.”
The partnership intends to make it easier for individuals to launch and manage nodes on Avalanche while also aiming to give the network more strength and flexibility for developers.
AWS will support Avalanche’s infrastructure and decentralized application (dApp) ecosystem, alongside one-click node deployments, through its marketplace. The affiliation will also include Ava Labs joining AWS Activate, a program that helps startups and early-stage entrepreneurs get started on its platform. All this should lead to sustaining bullish momentum for avalanche. *not financial advice*
AVAX LONGthis is the long target if we break to the upside almost 30% two blue dashed lines make up the next order block that is the target on the chart
Avax ShortAvax is sitting on top of alot of blank space targets on 10% o be 20 % we just need to break support we are close to that and this gives us a tighter stoploss a.5% 17.50
there is a long senario i will attach to this
Avalanche price large time frame meme analysisAvalanche in appears to be in a fifth wave which is significantly weaker than it's previous wave of the same trend. cryptocurrencies like algorand also in similar five wave structure up and down
AVAX/USD - Bear Time PumpIf the price retraces the recent FTX dump and closes above $14 (June lows), then I can see it squeeze up to the area highlighted in red in the chart ($30 - $36), and even higher ($55 - $60). I plan on buying at where the red arrow points.
Keep in mind that if the price starts closing back below $14 after closing above it, then this prediction is invalidated. What I mean is that my prediction holds only if the coin finds support above $14.
This doesn't just go for AVAX. The chart looks the same for a lot of other altcoins, and even for BTC, too. The idea remains the same: if they close a daily candle (or weekly, preferably) above the point at which the market began dumping on news from FTX, then they're likely to pump hard. See my recent XTZ chart which shows the same sort of setup.
